OFG Bancorp (OFG) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OFG shares.
View OFG analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 1-year price objectives for OFG Bancorp's stock. Their OFG share price forecasts range from $37.00 to $37.00. On average, they predict the company's share price to reach $37.00 in the next twelve months. This suggests a possible upside of 26.7% from the stock's current price.
View analysts price targets for OFG or view top-rated stocks among Wall Street analysts.

OFG Bancorp's stock was trading at $27.56 at the beginning of the year. Since then, OFG shares have increased by 6.0% and is now trading at $29.20.
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OFG Bancorp saw a increase in short interest in September. As of September 15th, there was short interest totaling 520,500 shares, an increase of 37.1% from the August 31st total of 379,600 shares. Based on an average daily volume of 217,000 shares, the short-interest ratio is currently 2.4 days. Currently, 1.1% of the company's stock are sold short.
View OFG Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023.
View our OFG earnings forecast.

OFG Bancorp will be holding an earnings conference call on Friday, October 20th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

OFG Bancorp (NYSE:OFG) posted its quarterly earnings results on Thursday, July, 20th. The bank reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.09. The bank had revenue of $170.50 million for the quarter, compared to analysts' expectations of $163.50 million. OFG Bancorp had a trailing twelve-month return on equity of 16.92% and a net margin of 25.19%.

OFG Bancorp announced a quarterly dividend on Wednesday, July 26th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share on Monday, October 16th. This represents a $0.88 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for OFG.

ETFs with the largest weight of OFG Bancorp (NYSE:OFG) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Low Volatility ETF (XSLV), First Trust Small Cap Value AlphaDEX Fund (FYT), iShares US Small Cap Value Factor ETF (SVAL), Timothy Plan US Small Cap Core ETF (TPSC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF).

OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.94%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 23.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFG.

15 employees have rated OFG Bancorp Chief Executive Officer José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE).

OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG."

Shares of OFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OFG stock can currently be purchased for approximately $29.20.

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.38 billion and generates $641.30 million in revenue each year. The bank earns $166.24 million in net income (profit) each year or $3.73 on an earnings per share basis.

The company employs 2,253 workers across the globe.

OFG Bancorp's mailing address is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. The official website for the company is www.orientalbank.com. The bank can be reached via phone at (787) 771-6800, via email at gfishman@ofgbancorp.com, or via fax at 787-771-6770.